Accounts filed on 31-08-2015
Accounts filed on 31-08-2015
trueMy Day Feeds Limited055233732015-08-31-51687-51123-51587-51023100100-51587-510233501635017-16571-16006-16571-160063159829798150271379215027130920700Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Patents-25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to
receive more tax.
Fixed Assets
All fixed assets are initially recorded at cost.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
Fixtures & Fittingsstraight line0.2500Equipmentstraight line0.250058605860586058608238238238236683668366836683Ordinary1001100100Ordinary11001001002016-08-25J Kingsleytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMy Day Feeds Limited2014-09-012015-08-31My Day Feeds Limited2013-09-012014-08-31My Day Feeds Limited2013-08-31My Day Feeds Limited2014-08-31My Day Feeds Limited2014-08-31My Day Feeds Limited2015-08-31 2016-08-30
